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Andrea Orcel today unveiled his leadership team for the revamped investment bank at UBS, a restructure that will see David Soanes take on the top role in Europe and Simon Warshaw step down from the unit's executive committee to focus on clients.

David Soanes, Rajeev Misra and Simon Warshaw

Orcel, chief executive of UBS's investment bank, sent out a memo to staff this morning detailing the management line-up for the division's two new principle divisions: corporate client solutions and investor client services.

Corporate client solutions, or CCS, will be made up of coverage, advisory, capital market solutions and financing solutions for corporate, financial institutions and sponsor clients, according to the memo, and will for the most part be organised by region.

Investor client services will include all trading and post-trade services, and will be made up of equities, foreign exchange – which will include precious metals – and rates and credit.

Two of the most critical moves concern Soanes and Warshaw, but the bank has also appointed a new chief of staff, a role that has typically carried considerable weight at UBS, with Beatríz Martín Jiménez starting at the firm today. She previously worked in fixed income at Morgan Stanley.

Here, Financial News profiles the bankers at the heart of the new business.

• David Soanes, head of CCS in Europe, the Middle East and Africa
Soanes is a UBS lifer, having joined the debt capital markets business at what was then SBC in 1991 after studying at Cambridge. Since then he has risen swiftly through the ranks. He has in the past been head of debt capital markets for financial institutions in Europe, and led both FIG and global markets in Emea. His promotion to head of CCS in that region is his second prominent promotion in a little over 18 months, having been named global head of capital markets in March last year.

• Steve Cummings, head of CCS in Americas
Cummings is a more recent addition to UBS's ranks, having joined the bank last year as chairman of Americas investment banking. He had previously been head of corporate and investment banking at Wachovia since 1998, leaving in early 2009 when he elected not to join Wells Fargo, which acquired Wachovia. He began his career in 1979 in New York, working in corporate finance at broker Kidder Peabody. He joined Bowles Hollowell in 1984 and was elected chairman and chief executive officer in 1993. He is a graduate of Colby College and has an MBA from Columbia University.

• Matthew Grounds, head of CCS in Asia Pacific
Grounds, considered one of Australia's top investment bankers, was named joint global head of investment banking in 2011 alongside Simon Warshaw. Since joining UBS from Schroders in 1994, Grounds has worked on many of the largest deals in his home country, including the mergers of miners BHP and Billiton, Westpac and St George bank, and the Australian Stock Exchange’s proposed tie-up with the Singapore Stock Exchange.

• Simon Warshaw
Warshaw, who was most recently global head of investment banking with Grounds, will step down from the investment bank executive committee to take on a role focusing full time on clients, reporting into Orcel. He will, according to the memo, "work on certain initiatives focused on further development of the Emea Corporate Client Solutions business".

• Rajeev Misra, global head of financing solutions
Financing solutions will be led globally by Misra, according to the memo, an exception to the regional leadership resulting from "the importance of risk [management]". Misra was global co-head of fixed income, currencies and commodities until last week's revamp. He joined UBS in 2009 after more than 10 years at Deutsche Bank. His co-head of FICC, Roberto Hoornweg, left the bank last week. Misra first moved to the US from India on a scholarship to study mechanical engineering and spent two summers designing satellites for Nasa before entering finance.

• Mike Stewart, global head of equities

Stewart joined UBS in July 2011 as global co-head of equities based in New York, but found himself as sole head just a few months later after the departures of Francois Gouws and Yassine Bouhara in the wake of the Kweku Adoboli trading scandal. Stewart joined from Bank of America Merrill Lynch, where he headed equities globally. He has previously worked for Barclays Global Investors, Schwab Capital Markets and Epoch Partners.

• Chris Vogelgesang and George Athanasopoulos, global co-heads of foreign exchange and precious metals
Vogelgesang and Athanasopoulos will continue in their roles leading foreign exchange and will take on additional responsibility for precious metals. The two were appointed co-heads in March 2011, following the departure of Arie Adler. Both, like Stewart, previously worked at Merrill Lynch. Vogelgesang has been with UBS since 2009, having earlier spent more than a decade at the US bank before taking a three-year break from the industry to focus on a real estate development project in Turkey. Athanasopoulos joined a year later, having previously been with Barclays and before that, Merrill Lynch.

• Chris Murphy, global head of rates and credit
Murphy joined UBS in 2009 as global head of rate derivatives and swaps trading, having previously spent 14 years at Morgan Stanley, where roles included head of European rates trading. At the time, he had reported into Roberto Hoornweg at the Morgan Stanley. Hoornweg later joined UBS and last week left as part of the reshuffle.

• Beatríz Martín Jiménez, chief of staff
Jiménez starts at UBS today as chief of staff at the investment bank, a role which has historically carried considerable weight. She joins from Morgan Stanley, where she was named managing director in 2007, and was, according to a 2011 presentation, head of interest rate sales for banks.